The Ministry of Finance (MoF) plans to rearrange the securities trading market in a newly-promulgated Circular as a move towards the merging of the two national stock exchanges into one named the Vietnam Stock Exchange (VNX).

The total value of assets under the management of domestic exchange-traded funds (ETFs) has soared by 64% to US$1 billion so far this year, while foreign ETFs increased 12% to US$1.4 billion.

Despite Vietnamese companies’ total net profit growing 81% year-on-year in the first quarter, many still posted big losses.

Prime Minister Nguyen Xuan Phuc has agreed to establish the Vietnam Stock Exchange (VNX) on the basis of merging the Hanoi Stock Exchange (HNX) and the Ho Chi Minh Stock Exchange (HoSE), which set to take effect on February 20, 2021.

Risk provision may write some revenue off the record for Song Hong Garment JSC as the company prepares for the likely bankruptcy of its US partner’s parent firm.